August 27, 2016 12:35 AM ET

Food Products

Company Overview of Lotte Co., Ltd.

Company Overview

Lotte Co., Ltd. produces and sells sweets, ice creams, and other products. It offers beverages, smoking goods, sundries, dairy products, frozen foods, chocolates, doughnuts, chewing gums, cookies, candies, biscuits, foodstuffs, heavy chemicals, and other gift sweets; owns and operates a baseball team, restaurants and coffee shops, golf courses, a hotel, an indoor theme park, and duty free shops; provides casualty and life insurance agency services, real estate related operations, tourism services, finance options, and magazine publishing services; and manufactures, maintains, services, and rents and leases equipment and fixtures. The company also trades sweets, agricultural and fishery produ...

20-1, Nishi-shinjuku 3-chome

Shinjuku-ku

Tokyo,  160-0023

Japan

Founded in 1948

Phone:

81 3 5388 5617

Fax:

81 3 3375 1293

Key Executives for Lotte Co., Ltd.

Chairman and Chief Executive Officer
Age: 93
President and Representative Director
Age: 72
Compensation as of Fiscal Year 2016.

Lotte Co., Ltd. Key Developments

Lotte No Longer Eyeing Duty Free Americas

Lotte Co., Ltd. has dropped its plans to acquire Duty Free Americas, Inc. "The group has effectively given up on the potential acquisition of a U.S. duty-free operator worth KRW 1.7 trillion ($1.5 billion), now that the initial public offering of its hotel unit has been indefinitely delayed due to the ongoing investigations," said a Lotte official on condition of anonymity.

Lotte Eyes Hyundai Logistics From Igis

Lotte Co., Ltd. reportedly plans to buy a controlling stake in Hyundai Logistics Co., Ltd. from Igis I Corporation. "We're giving consideration to buy the stakes by attracting one or two strategic investors," an official at the group said. Lotte had included a "call option" that allowed the firm to buy back the entire stake at a later date when it sets up Igis I Corporation. "The deal highlights that Lotte will have a direct ownership of Hyundai Logistics, unlike indirect ownership through the special purpose company, by exercising the call option," another Lotte official said.

Casino's Big C Vietnam Stores Reportedly Said To Draw Lotte, Tcc Bids

Lotte Co., Ltd. is among suitors that submitted bids for Casino, Guichard-Perrachon Société Anonyme (ENXTPA:CO)’s, Big C Supercenter Public Company Ltd. (Company id: 4508791) Vietnam grocery business, which could fetch as much as $800 million, people with knowledge of the matter said. TCC Holding Co., Ltd. and The Central Group also submitted first-round offers by the March 10 deadline, the people said, asking not to be identified as the information is private. A representative for Casino didn’t immediately answer a phone call seeking comment. A spokesman for Lotte Group said in a mobile-phone text message it has interest in the company, as it’s running various businesses in Vietnam including distribution. A call to Charoen’s office in Bangkok went unanswered on March 17, 2016, outside regular business hours, while a representative for Central Group said she didn’t have information on the issue.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 11, 2016
HYUNDAI LOGISTICS CO., LTD
 

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